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Uber Adds ‘Pay With Venmo,’ Becoming Largest App to Adopt Tool

  • PayPal is increasingly moving to monetize the service
  • Competition in cashless mobile payment industry is escalating
Bloomberg business news
Uber Adds ‘Pay With Venmo,’ Becoming Largest App to Adopt Tool

The battle to become the country’s preeminent cashless mobile payment platform is heating up.

Starting Thursday, Uber Technologies Inc. riders in the U.S. will see a "Pay with Venmo" option when selecting a payment method for their trips. The feature will appear right next to Apple Pay, Apple Inc.’s competing mobile payment service. The ride-hailing giant is the largest retailer to accept Venmo payments to date, and the move is an indication of how the platform plans to make money.